China Buys Australian Rapeseed I wrote last week that China and Australia reached agreement to liberalize Chinese imports of Australian rapeseed. China previously had prohibited imports of rapeseed from Australia based on concerns about diseases being spread to China's rapeseed farms.As a result of the agreement, Chinese crushers apparently purchased about 300,000 MT of Australian rapeseed over the last few days. The purchases were made at a price of about $680/MT versus the offer price from Canada of about $716/MT. It is likely additional purchases will be made in the near future.Australia apparently has a record volume of rapeseed to market this year. Oil World this week raised its forecast for Australia's 2013 rapeseed crop by 500,000...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.